Angling Direct (LON:ANG) Reaches New 12-Month High – What’s Next?

Shares of Angling Direct PLC (LON:ANG) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 56 and last traded at GBX 53.62, with a volume of 134,561 shares traded. The stock had previously closed at GBX 54.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their target price on shares of Angling Direct from GBX 78 to GBX 54 and set a “buy” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Angling Direct has a consensus rating of “Buy” and a consensus price target of GBX 54.

Angling Direct Stock Down 1.3%

The firm has a market cap of £36.68 million, a price-to-earnings ratio of 19.34 and a beta of 0.61. The stock’s 50 day moving average is GBX 51.94 and its 200 day moving average is GBX 50.30. The company has a quick ratio of 1.50, a current ratio of 2.47 and a debt-to-equity ratio of 29.54.

Angling Direct (LON:ANG) last released its earnings results on Tuesday, October 13th. The company reported GBX 3.20 earnings per share for the quarter. Angling Direct had a return on equity of 5.36% and a net margin of 2.10%. Analysts forecast that Angling Direct PLC will post 1.92 EPS for the current year.

About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.